Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»TRADING NEWS»BNB’s market capitalization surged above $310 as it overturned Solana.
TRADING NEWS

BNB’s market capitalization surged above $310 as it overturned Solana.

By Crypto FlexsDecember 27, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
BNB’s market capitalization surged above 0 as it overturned Solana.
Share
Facebook Twitter LinkedIn Pinterest Email
  • BNB price is trading above $310, up 5% in the last 24 hours and 20% in the past week.
  • With SOL price falling after the recent rally, BNB appears to have overtaken Solana in terms of market capitalization.

BNB is trading up more than 5% in the last 24 hours and more than 20% in the past week as Binance Coin makes a comeback after its recent plunge. This follows the meteoric rise and ultimate flip of Solana’s XRP and BNB, the last price the cryptocurrency reached in April last year.

BNB on Solana

The market value of BNB rose as Solana plummeted as profit-taking increased over the Christmas period. The native Binance coin is currently trading above $310, with the price last seen in June. As of this writing, its market capitalization is $47.9 billion, surpassing Solana, which has plummeted to $46.3 billion.

BNB price is showing potential gains for the first time since it plunged last month following the bombshell resignation of Binance founder and former CEO Changpeng Zhao. BNB also came under downward pressure after the cryptocurrency exchange agreed to a $4.3 billion settlement with US authorities.

This event caused the BNB price to fall from above $266 to below $225, continuing the macro downtrend. Data from markets platform CoinGecko shows the gains have been less notable compared to some of the performance over the past few weeks.

However, with Solana cooling its gains, BNB bulls are looking to retest the year-to-date $350 level. As cryptocurrency analyst Rekt Capital highlighted on December 26, BNB “broke the macro downtrend.” This suggests a potential rally.

$BNB It broke the macro downward trend.#Binance #Cryptocurrency #BNB pic.twitter.com/PnvqNMK2QW

— Rekt Capital (@rektcapital) December 26, 2023

If euphoria over a potential approval for a spot Bitcoin ETF pushes the altcoin higher, BNB bulls could target an all-time high of $686.

As of December 27, the price of BNB was $311, which is about 55% discount from its peak.


Share this article

category

tag

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

It shows a graphite network. Tesla is nothing without trust because Tesla’s Tesla spent $ 150 billion after Musk and Trump’s fallout.

June 7, 2025

XRP price prediction by reducing the volume of RLUSD (RIPPLE USD)

June 7, 2025

Why is the ecosystem of the SEI network boom in the second quarter?

June 6, 2025
Add A Comment

Comments are closed.

Recent Posts

The SEC gets $ 1.1m case when Crypto Schemer crosses the court.

June 7, 2025

NFT artists reproduce ‘password tax nightmares’ with new songs.

June 7, 2025

NVIDIA’s GB200 NVL72 and Dynamo improve MoE model performance

June 7, 2025

Despite market volatility

June 7, 2025

TEZOS promotes scaling efforts by activating data soluble layers.

June 7, 2025

It shows a graphite network. Tesla is nothing without trust because Tesla’s Tesla spent $ 150 billion after Musk and Trump’s fallout.

June 7, 2025

The merchant warns that Bitcoin is in ‘cancer price behavior’.

June 7, 2025

Is Bitcoin Price Rally $ 150K by the end of the year?

June 7, 2025

How does it affect Bitcoin?

June 7, 2025

Gala Games introduces a step -by -step approach to founder node staking.

June 7, 2025

AB starts in binance

June 7, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

The SEC gets $ 1.1m case when Crypto Schemer crosses the court.

June 7, 2025

NFT artists reproduce ‘password tax nightmares’ with new songs.

June 7, 2025

NVIDIA’s GB200 NVL72 and Dynamo improve MoE model performance

June 7, 2025
Most Popular

Bitcoin’s $100,000 push wakes up tax collectors and Vitalik visits the real Moo Deng: Asia Express

November 22, 2024

Ethereum price faces many obstacles, do we expect a decline before a new rise?

March 14, 2024

Eclipse CEO steps down amid harassment allegations

May 10, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.